Angola: Procedures for private investment established Last September 30th, the diploma approving the Procedural Regulation for Private Investment entered into force, executing the Private Investment law (Lei do Investimento Privado - LIP).This regulation applies to projects initiated after its entry into force, but can be applied to procedures in a process previously initiated, provided the rules to be applied are more favourable and are required by the person concerned.   Read More

Angola

Oil companies must deliver human resources development plan for 2016 Oil companies with programme contracts in force must submit their human resources development plan to the Ministry for Petroleum until October 31st Read More

New Securities regime in force In August 31st entered into force the new legal regime for securities, thereby repealing the previous legislation opposing the same subject. Read More

Venture Capital Collective Investment Undertakings regulated Venture capital investment regime, through Venture Capital Collective Investment Undertakings was regulated through a diploma that entered into force in September 16th Read More

Brazil

Tax Substitution Specifier A new agreement established a list of 25 goods and commodities that are subjected to the tax substitution regime or to the tax collection anticipation of ICMS Read More

Special Administrative Collection for recovery of tax credits An ordinance issued by the Brazilian Federal Revenue Office establishes the procedures to be adopted for recovery of tax credits eventually falling within the Special Administrative Collection system Read More

Macao

Prices in Macao raise 4.64% in August The year-on-year inflation in August, in Macao, recorded a 4.64% raise due to the raise in housing costs and the price of meals bought away from home. According to the Statistics and Census Office, the pace of this raise was off-set by the reduction in fuel and liquefied petroleum gas prices, as well as by the drop in touristic tours prices   Read More

Mozambique

New regime for plastic bags On August 5th, the diploma establishing the rules for production, import, sale and use of plastic bags entered into force, aiming at reducing its negative impact in human health, infrastructures and the environment in general. Read More

Operators with new obligations regarding SIM Cards On 28 August a new regime establishing new rules for activating SIM cards entered into force, and must be followed by telecommunication operators and public service providers Read More

Resting time for drivers New diploma approved, regulating the driving and resting time for professional drivers, as well as the fitting and usage conditions for tachographs in passenger and cargo public transportation vehicles Read More

Portugal

Requirements for obtaining GOLD Visa A new diploma is in force since the beginning of September and establishes the various minimum requirements to be met to obtain residence permits for investment activity purposes Read More

Investment support regime regulated Regulation on specific aspects of the investment support tax regime was recently published Read More

Retained or reinvested profits deduction regulated The regulation of the retained or reinvested profits deduction (DLRR), included in the Tax Code of Investment was published Read More

East Timor

Consultation with Indonesia on Sea Borders On September the 18th, the process of delimiting the permanent sea border between East-Timor and Indonesia was initiated. These bilateral talks shall define all sea areas between the States. Read More

Arbitration proceedings under the Timor Sea Treaty The Government of East Timor informed the Government of Australia about having opened an arbitrage proceeding under the Timor Sea Treaty, in order to solve the dispute between the two governments regarding the correct interpretation of the Timor Sea Treaty Read More

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